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S&P Credit Research656 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | Despite more positive economic news that has emerged recently, the speculative-grade default rate in the U.S. increased to an estimated 11.33% in October. Credit metrics in the U.S. show continued deterioration of credit quality contrasted with stronger lending conditions and signs of life among new issuance. Despite the increase, corporate defaults maintained their pace in the U.S. in October, totaling 11 during the month. This brings the year-to-date total to 175. The defaults in October are attributable to five nonfinancial sectors and one financial sector. For a list of publicly rated defaults during the month, see table 1. The preliminary estimate for the U.S. 12-month-trailing speculative-grade default rate in October is 11.33% (subject to revision), up from 10.8% in September.
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
